Everything gets divided in divorce---including the debt. If you really think about it, it’s not all that surprising. If you get half the dishes and he takes half the dish towels, certainly at some point you’re going to start talking about that Sears card. Or the line of credit that helped you renovate your kitchen. Or the loans on the cars—that you refinanced to help pay for the downstairs guest bathroom remodel.
The average American carries a staggering amount of debt. From student loans to … [Read more...]